Sold My PANW Call/Bought PLTR
On 11/27/24 I bought 1 PANW Call. It had an Expiration Date of 12/27/24 and the Strike Price of $390. Today with the stock up $9 I decided to put some money into my mattress. I bought the Call for $14.95 and sold it for $17.95 for a $300 profit. I’m happy with this one week trade. My Return on Investment (ROI) is 20%.
11/27/24 – Buy to Open 1 PANW 12/27/24 $390.00 C @ $14.95
12/4/24 – Sell to Close 1 PANW 12/27/24 $390.00 C @ $17.95
Profit +$300
I have been doing very well since the election so today I stepped up my game with Palantir (PLTR). I tried to buy a Call with the stock yesterday but I was not filled on my order. Today, God was with me and PLTR opened lower. I placed an order and I was filled on 10 PLTR Calls. With the stock at $69 I bought 10 PLTR 1/17/24 Calls for the premium of $4.95. For this position I went out to 1/17 with my Expiration Date. This gives me more time but I will sell as soon as I have a profit I’m happy with. The stock is getting over the 8 Day Moving Average (T-Line) but is having trouble getting over the Volume-Weighted Average Price (VWAP). I am hoping the stock will go above the VWAP in the next day. If it does this will be a good trade.
Buy to Open 10 PLTR 1/17/24 $70.00 C @ $4.95
Successful trading,
Steve
The Options Coach